The operation, called Project Osiris, consists of almost 7,000 unsecured private loans with an average nominal value of EUR 3,500. The nominal value of the acquired portfolio amounts to a total of 24 million euros. The seller of the distressed retail unsecured portfolio is one of the largest Romanian banks.
Martin Machoň, Group CEO and owner of APS states “the Romanian market is really important for us. We have captured some key transactions that are part of APS history. Here we laid the foundations for our real estate division. This shows how important the market is. So I am more than happy to announce that we have won this deal in Romania. It is an agreement that goes back to the roots. This is what we do, this is where we excel. Since Romania is our key market, we felt it was important to strengthen our local team. Therefore, I am pleased that Mihai Alexandru Pop, who previously served as Vice President of the Investment Department for Balbec Capital, has rejoined APS”.
The new Country Manager Radu Dobre states regarding the new agreement “Osiris is the first agreement of this type that APS has implemented in Romania after more than 5 years. With this transaction we diversify our asset portfolio on the Romanian market.”
Managing Director of Credit Village, Roberto Sergio has more than 20 years of experience in NPL and distressed debt in the Italian and International market. He is the editor of the NPL column in Credit Village Magazine and the director of Credit Village's National NPL Market Observatory.